Capital increase of PKN ORLEN

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that yesterday the Warsaw District Court registered a capital increase as part of the implementation of the management incentive programme.

Following the Court's decision PKN ORLEN's initial capital increased by PLN 9,414,905 from PLN 525,221,421.25 to PLN 534,636,326.25, through the conversion of 7,531,924 series D bonds into the same number of series A shares.

As a result of the capital increase, the total number of shares will rise to 427,709,061 shares with a par value PLN 1.25, with each share representing one vote at the General Meeting of Shareholders.